Banklslami Pakistan Limited
New! The BankIslami Pakistan Limited results are out.
BankIslami Pakistan Limited (BIPL) has made an offer for sale of 40,000,000 shares to the general public by way of an Initial Public Offering. The offering will be at a price of PKR 10/share. One may purchase shares in increments of 500.
BankIslami received an Islamic commercial banking license from the State Bank last year, and has already raised PKR 475 million in pre-IPO financing from various investors in Pakistan and Gulf states. It plans to offer a full range of personal and corporate wealth management services, including financial planning services, working capital finance, leasing and household financing, and letters of credit (for traders).
The trading of shares on the provisional counter began on February 24, 2006. The current trading price (as of closing on March 3, 2006) is PKR 24.75. All Pakistani residents and non-residents, provident, pension, gratuity and trust funds, and corporate entities are allowed to subscribe for the shares. The subscription list will open Insha-Allah at the commencement of banking hours on March 6, 2006 and will close at the end of banking hours on March 8, 2006.
BIPL's provisional trade history is available here.
To apply for shares in this public offering, please download and fill out the application form.
If you have any questions regarding BIPL or require assistance with the application form, please don't hesitate to contact Mr Faisal Rasheed or Mr Ashraf Rahmani at (042) 636-8585, (042) 636-8555, or (042) 631-4141. You may also email us at firstname.lastname@example.org.
Investors are STRONGLY advised to read the contents of the Offer For Sale Document carefully before subscribing to BIPL shares.